This paper studies the relationship between the Euribor rate and the return on average assets (ROAA) of the Spanish … varies with the slope of the yield curve. We find evidence of an inverse relationship between the Euribor rate and …

mortgage. The analysis reveals the levels of foreclosures that can be expected when loans are leveraged at the high loan …

Past research argues that changes in adjustable-rate mortgage (ARM) payments may lead households to cut back on … constrained. Although the demographic and financial characteristics of ARM and fixed-rate mortgage (FRM) borrowers are quite …

Past research argues that changes in adjustable-rate mortgage (ARM) payments may lead households to cut back on … demographic and financial characteristics of ARM and fixed-rate mortgage (FRM) borrowers are somewhat similar, ARM borrowers …

We study the causal effect of mortgage rate changes on consumer spending, debt repayment, and defaults during an … interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according … variation in the timing of mortgage rate resets. We find asymmetric responses of consumer durable spending, deleveraging, and …